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LVMH chairman visits South Korea ahead of exhibition

Angela Jung, June 7, 2017, 10:01 a.m.

Bernard Arnault, chairman of the French luxury goods conglomerate LVMH, visited South Korea for a two-day trip on Wednesday to take part in an exhibition set up by its Louis Vuitton brand here, industry sources said.

The 68-year-old business tycoon showed up at Dongdaemun Design Plaza (DDP) in Seoul to check the exhibition titled "Volez, Voguez, Voyagez - Louis Vuitton," which will open Thursday and run through Aug. 27.

The visit came amid increased moves by local department stores and duty free shops to attract LVMH brands such as Louis Vuitton, Dior and Fendi.

Arnault is expected to meet with representatives of local duty free and department store operators, including Lee Boo-jin, chief executive of Hotel Shilla Co., during his visit, sources said without providing details.

The founder of the world's largest luxury goods maker also held meetings with the chiefs of the country's leading department store operators during his last visit in 2016.